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Draft:The Connor Group

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  • Comment: Yes, I believe you are misinterpreting. The company does not need to be the main focus, but it certainly needs to be more than mentioned in relationship to the owner. Of course references that focus on the owner are going to include some information about his ventures, but see WP:CORPDEPTH as those references do not meet it. CNMall41 (talk) 18:47, 30 March 2025 (UTC)
@CNMall41: Thank you for your response. Looking closely at CORPDEPTH, I feel surprised this coverage does not qualify. I hope this draft demonstrates that the sources do indeed make it possible to "write more than a very brief, incomplete stub", and I believe they do provide description, commentary, and analysis on the topic of the organization. One of the examples provided in the final paragraph of INHERITORG is A single newspaper article discusses a business, its founder, and its products. I know official policies can't always capture the nuances of the factors in these evaluations, but I'm struggling to understand. Mary Gaulke (talk) 00:51, 7 April 2025 (UTC)
  • Comment: The references supplied at the top of the draft were disclosed as the "most significant." However, four of the five are mainly about the founder with just bits of information about the group. Founder already has a page where it may be more appropriate to add some of this information. Can you review WP:ORGCRIT and WP:CORPDEPTH and let me know what references meet that criteria about the company (not the founder)? You can ping me here and I will come back to take a look. Also, I would recommend removing the REFBOMB from the Kids section (and reduce it to something less promotional in tone). CNMall41 (talk) 02:32, 25 March 2025 (UTC)
@CNMall41: Thanks so much for this feedback and for taking the time. First up, made some edits to the Kids & Community Partners section I hope address your concerns there.
On the sources I identified as most significant – I'm not sure I agree that four of the five lack significant coverage of the group. While the founder is often the headline hook, the articles themselves dig into the company itself quite a bit more – e.g., the Inc. headline focuses on the founder, but the article itself is about the company's inclusion on the publication's "Best in Business" list. The Forbes article details the company's historical performance, future prospects, business model, and workplace culture. Commercial Observer covers more about the company's strategy, operations, and nonprofit activity.
In identifying these sources as significant, I was particularly thinking of the third paragraph of WP:INHERITORG (Per the Wikipedia:General notability guideline, the subject of the article "does not need to be the main topic of the source material" for that source to count towards notability. Do not discard source material that is about the subject merely because the source also contains information that is not about the subject.). Please do let me know if I'm misinterpreting this, but these cases seem pretty well aligned with some of the examples cited there.
Thank you again! Mary Gaulke (talk) 03:46, 30 March 2025 (UTC)

 Comment: In addition to making some edits, listing what I believe is the most significant coverage of this org before resubmitting:

  • Tognini, Giacomo (17 April 2024). "Meet The Skydiving Billionaire With Sky-High Returns". Forbes. Retrieved 22 December 2024.
  • Donaldson, Ali (December 2023). "This Founder Built a School to Fight Poverty in His Community". Inc. Retrieved 22 December 2024.
  • Demeropolis, Tom (30 June 2008). "Connor Group sees growth". Dayton Business Journal. Retrieved 22 December 2024.
  • Setty, Ganesh (1 May 2020). "A real estate CEO made $1.6 million in the stock market. Then he gave the money to his employees". CNN. Retrieved 22 December 2024.
  • Coen, Andrew (4 November 2024). "Investor Larry Connor Isn't Afraid of Heights — No, You Don't Understand". Commercial Observer. Retrieved 23 December 2024.

Thank you! Mary Gaulke (talk) 01:25, 25 March 2025 (UTC)

The Connor Group
FormerlyConnor, Murphy and Berman
Company typePrivate
IndustryReal estate investment
Founded1991; 34 years ago (1991) in Dayton, Ohio[1]
FounderLarry Connor
Headquarters
Miamisburg, Ohio
Total assets$5 billion[2] (2024)
Number of employees
430[3] (2024)
Websiteconnorgp.com

The Connor Group is an American real estate investing company headquartered in Miamisburg, Ohio.[4] As of 2024, the company managed apartment buildings in 12 states worth $5 billion.[2] Its nonprofit arm, Kids & Community Partners, established the Greater Dayton School.[5]

History

[edit]

The company was founded by Larry Connor in 1991[6] as Connor, Murphy and Berman,[7] later Connor & Murphy.[8] Connor recruited two partners and one investor, who provided $400,000, to found the company.[2][9] Connor bought out his partners in 2003, although partner Jim Murphy remained with the company.[10]

The company invested heavily in new apartment complexes in the late 1990s.[8] It established a practice of inspecting properties prior to putting them under contract[11] in order to close sales more quickly.[8][6] By 2002, the company owned properties in Dayton, Indianapolis and Cincinnati.[8] It officially changed its name to The Connor Group in 2004.[10]

In 2008, the company expanded to additional regions, employed 325 people and owned more than 13,000 units worth more than $1 billion.[6] Following the 2007–2008 financial crisis, the company again invested heavily in new properties while prices were low, and repeated the strategy between 2020 and 2022 during the COVID-19 pandemic.[2][12]

In 2011, Connor and Pat Dorsey founded First Billing Services, which the Connor Group sold to Paya, Inc. in January 2019.[13] The Connor Group's total holdings hit $2 billion in value across 11 markets by 2017, with 400 employees.[14] In 2020, Larry Connor gave $1.6 million in bonuses to employees earning less than $150,000.[15] It completed nearly $3 billion in transactions in 2021[16] and exceeded $3 billion in 2022.[17]

From 1991 to 2024, the Connor Group's investments generated a 30.4% annual rate of return.[2][18]

Operations

[edit]

The Connor Group sells properties it acquires after an average of five and a half years, shorter than the 10-year standard of publicly traded real estate investment trusts. As of April 2024, the company managed 51 apartment buildings worth $5 billion across 12 states.[2] Its headquarters are located on the grounds of Dayton–Wright Brothers Airport in Miami Township, Montgomery County, Ohio.[19][20]

Through the Connor Group's partnership program, established in 2002,[21] top employees at the company are eligible for a partnership stake.[22] In 2024, 66 partners shared a 7 percent stake in the firm, with the remainder owned by Connor and his family.[2] The company focuses its hiring on people from outside the commercial real estate industry.[18]

Kids & Community Partners

[edit]

The Connor Group established its nonprofit arm, Kids & Community Partners, in 2007.[23] The nonprofit runs the Greater Dayton School, a private school focused on students who are qualified for Medicaid[24] or are below 130 percent of the federal poverty line. The school began operating in August 2022[25] and opened its campus in March 2024.[24] The school operates from 8 a.m. until 5 p.m.[26] and provides wraparound services like an onsite health clinic.[5] As of December 2023, the company had pledged $152 million toward the school's construction and operations.[25]

Kids & Community Partners has also supported disaster relief[27] and a nonprofit serving first-generation college students and applicants.[28][29] In 2020, the firm pledged $5 million to Dayton Children's Hospital to expand its mental and behavioral healthcare offerings.[30]

References

[edit]
  1. ^ Larsen, Dave (13 October 2014). "Connor names new head of operations". Dayton Daily News. Retrieved 23 December 2024.
  2. ^ a b c d e f g Tognini, Giacomo (17 April 2024). "Meet The Skydiving Billionaire With Sky-High Returns". Forbes. Retrieved 22 December 2024.
  3. ^ "The Connor Group". The Business Journals. Retrieved 17 January 2025.
  4. ^ Gnau, Thomas (5 December 2023). "Miami Twp.'s Connor Group makes Inc. magazine 'Best in Business' list". Dayton Daily News. Retrieved 22 December 2024.
  5. ^ a b Scott, Greg (22 November 2023). "The Greater Dayton School boasts world-class feel". Dayton Business Journal. Retrieved 23 December 2024.
  6. ^ a b c Demeropolis, Tom (30 June 2008). "Connor Group sees growth". Dayton Business Journal. Retrieved 22 December 2024.
  7. ^ Archdeacon, Tom (7 October 2017). "Local adventurist spearheads UD Arena project". Dayton Daily News. Retrieved 22 December 2024.
  8. ^ a b c d Thompson, Julie (13 May 2002). "Apartment investors prepare for buying spree". Dayton Business Journal. Retrieved 22 December 2024.
  9. ^ McClory, Eileen (8 December 2023). "See why Larry Connor says Dayton has 'huge advantages'". Dayton Daily News. Retrieved 23 December 2024.
  10. ^ a b "Connor and Murphy changes name". Dayton Business Journal. 9 August 2004. Retrieved 23 December 2024.
  11. ^ Thompson, Julie (16 April 2001). "Apartment developer ready to roll". Dayton Business Journal. Retrieved 23 December 2024.
  12. ^ Wiltermuth, Joy (10 January 2024). "This landlord is seeing apartment rents increase amid a U.S. construction boom". MarketWatch. Retrieved 23 December 2024.
  13. ^ Gnau, Thomas (8 January 2019). "Connor Group sells company for $57.5M". Dayton Daily News. Retrieved 22 December 2024.
  14. ^ Gnau, Thomas (24 February 2017). "Explosive growth: Dayton-area company now has $2B in assets". Dayton Daily News. Retrieved 22 December 2024.
  15. ^ Setty, Ganesh (1 May 2020). "A real estate CEO made $1.6 million in the stock market. Then he gave the money to his employees". CNN. Retrieved 22 December 2024.
  16. ^ Gnau, Thomas (27 January 2022). "Miami Twp.'s Connor Group notches nearly $3B in 2021 transactions". Dayton Daily News. Retrieved 22 December 2024.
  17. ^ Jarrell, Zachary (11 August 2023). "One of Dayton's top companies continues adding to its portfolio". Dayton Business Journal. Retrieved 17 January 2025.
  18. ^ a b Coen, Andrew (4 November 2024). "Investor Larry Connor Isn't Afraid of Heights — No, You Don't Understand". Commercial Observer. Retrieved 23 December 2024.
  19. ^ Gnau, Thomas (28 January 2022). "JobsOhio backs Connor Group expansion with $800K". Dayton Daily News. Retrieved 18 March 2025.
  20. ^ Bush, John (28 January 2022). "New details emerge on Dayton-area company's $20M headquarters expansion, facility investment". Dayton Business Journal. Retrieved 18 March 2025.
  21. ^ Peralta, Paola (16 February 2024). "Why this founder lets employees own part of his company". Employee Benefit News. Retrieved 23 December 2024.
  22. ^ "Dayton real estate firm names new partners". Dayton Business Journal. 7 March 2019. Retrieved 18 March 2025.
  23. ^ Bova, Dennis (14 November 2022). "The Connor Group's nonprofit arm creates new spinoffs". Dayton Business Journal. Retrieved 17 January 2025.
  24. ^ a b McClory, Eileen (13 March 2024). "'It's the learning in the building that matters': New school opens downtown". Dayton Daily News. Retrieved 22 December 2024.
  25. ^ a b Donaldson, Ali (December 2023). "This Founder Built a School to Fight Poverty in His Community". Inc. Retrieved 22 December 2024.
  26. ^ McClory, Eileen (18 February 2024). "Greater Dayton School to offer wellness center for student health visits". Dayton Daily News. Retrieved 23 December 2024.
  27. ^ Levingston, Chelsey (1 April 2010). "Coalition's relief effort to Haiti is paying off". Dayton Daily News. Retrieved 18 March 2025.
  28. ^ McClory, Eileen (11 December 2023). "Nonprofit aims to help first-generation students get into, graduate from college". Dayton Daily News. Retrieved 23 December 2024.
  29. ^ Mistretta, Nicole (25 April 2024). "Dayton university's partnership with nonprofit will expand access to college for first-generation students". Dayton Business Journal. Retrieved 17 March 2025.
  30. ^ Fisher, Jacob (14 October 2020). "The Connor Group pledges $5M to support thousands of Dayton Children's patients, families". Dayton Business Journal. Retrieved 23 December 2024.
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